The The Fibonacci sequence is a mathematical ratio in which a ... More sequence is a mathematical ratio in which a number is simply the sum of the two preceding numbers. Here, we will focus on its application as an in . If you are interested in the background of the Fibonacci numbers, read the Wikipedia article.
In trading, the term Fibonacci refers to a tool that measures the size of aand subsequently plots and levels based on calculations using the Fibonacci sequence.
They are generally strong levels of support and resistance, also because they are a self-fulfilling prophecy. What are "support levels" in trading? A support level is a... More and What are "resistance" levels in trading? A resistance level ... More levels and make their buying and selling decisions based on them., and other observe these
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The Fibonacci tool is popular in What are the principles of technical analysis? Technical ana... More. Discuss it with other traders: